Despite the rapid growth of automobile industry in China, much remains to be known about the governance structure especially the inter-firm relationship within the Chinese automobile groups. Against China's changing institutional environment and compared to the established knowledge on...

This paper discusses an aspect of computational complexity in social choice theory. We consider the problem of designing voting rules, which is formulated in terms of simple games. We prove that it is an NP-complete problem to decide whether a given simple game is stable, or not.

This paper reexamines the paradoxical aspect of the electronic mail game (Rubinstein, 1989). The electronic mail game is a coordination game with payoff uncertainty. At a Bayesian Nash equilibrium of the game, players cannot achieve the desired coordination of actions even when a high order of...

This is a novel way to generate hydrogen from pure water by converting mechanical energy to chemical energy. The phenomenological aspects of the mechano-catalytic overall water-splitting are reviewed, and the basic feature of the catalytic process is clearly established. The estimation of the...

Contractual Joint Ventures (CJVs) in China have been under-studied despite their importance as one of the three major forms of foreign direct investment (FDI) prescribed by the Chinese government. Based on first-hand survey data and within a transaction cost-comparative institution framework,...

Carbon-coated lithium ion phosphate was synthesized from a gel precursor with ferric iron and a carbon source of organic chelating agent via a sol–gel method. The dependence of the microstructure and electrochemical performance of the synthesized LiFePO4/C on the pH value of the precursor...

Research on international subcontracting has been policy-oriented and industry-focused. There is a lack of understanding of the phenomenon from strategic management and international business perspectives. This article conceptualizes international subcontracting as a type of relational contract...

We explore the role of the discount on closed-end funds (CEFD) in asset pricing and test its validity as a proxy for investor sentiment in the Canadian stock market. Results show that CEFD is not a priced factor. Both cross-sectional and time-series tests confirm that stocks with different...